Nathan's Famous (FRA:NFA) Cyclically Adjusted PB Ratio: (As of Aug. 03, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:NFA Nathan's Famous Inc FRA:NFA
79 GF Score
Price €82.50
GF Value €81.89
! 4 Warning Signs
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What is Nathan's Famous Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nathan's Famous  (FRA:NFA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Nathan's Famous Cyclically Adjusted PB Ratio Related Terms


Nathan's Famous Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Nathan's Famous's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nathan's Famous Cyclically Adjusted PB Ratio Chart

Nathan's Famous Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Nathan's Famous Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

FRA:NFA vs DIN, LOCO, PTLO: Cyclically Adjusted PB Ratio Comparison

For the Restaurants subindustry, Nathan's Famous's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nathan's Famous Cyclically Adjusted PB Ratio vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Nathan's Famous's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nathan's Famous's Cyclically Adjusted PB Ratio falls into.


FRA:NFA
79GF Score
Nathan's Famous Inc FRA:NFA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nathan's Famous Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Nathan's Famous's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Nathan's Famous's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-3.005/330.2130*330.2130
=-3.005

Current CPI (Mar. 2026) = 330.2130.

Nathan's Famous Quarterly Data

Book Value per Share CPI Adj_Book
201606 -15.049 241.018 -20.618
201609 -14.494 241.428 -19.824
201612 -15.282 241.432 -20.902
201703 -14.887 243.801 -20.163
201706 -13.551 244.955 -18.268
201709 -12.110 246.819 -16.202
201712 -17.170 246.524 -22.999
201803 -16.388 249.554 -21.685
201806 -16.948 251.989 -22.209
201809 -16.217 252.439 -21.213
201812 -15.071 251.233 -19.809
201903 -14.798 254.202 -19.223
201906 -13.640 256.143 -17.584
201909 -13.522 256.759 -17.390
201912 -13.708 256.974 -17.615
202003 -14.512 258.115 -18.566
202006 -14.094 257.797 -18.053
202009 -13.014 260.280 -16.511
202012 -12.610 260.474 -15.986
202103 -12.754 264.877 -15.900
202106 -11.724 271.696 -14.249
202109 -11.567 274.310 -13.924
202112 -11.893 278.802 -14.086
202203 -12.133 287.504 -13.935
202206 -11.727 296.311 -13.069
202209 -11.748 296.808 -13.070
202212 -10.635 296.797 -11.832
202303 -10.201 301.836 -11.160
202306 -8.874 305.109 -9.604
202309 -8.123 307.789 -8.715
202312 -7.852 306.746 -8.453
202403 -7.415 312.332 -7.840
202406 -5.799 314.175 -6.095
202409 -4.694 315.301 -4.916
202412 -4.434 315.605 -4.639
202503 -3.735 319.799 -3.857
202506 -1.980 322.561 -2.027
202509 -1.230 324.800 -1.250
202512 -3.185 324.054 -3.246
202603 -3.005 330.213 -3.005

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Nathan's Famous (FRA:NFA) Overvalued in 2026?

Based on GuruFocus' analysis, Nathan's Famous stock appears to be overvalued. The current stock price of €82.50 is trading 0.7% above its estimated GF Value™ of €81.89.

Key valuation signals for FRA:NFA:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €81.89 vs. price of €82.50 (0.7% above fair value)
  • GF Score™: 79/100 with 4 warning signs

No single metric tells the full story. See the FRA:NFA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nathan's Famous Business Description

Other Exchanges NATH:USA
Address One Jericho Plaza, Second Floor - Wing A, Jericho, NY, USA, 11753
Nathan's Famous Inc is a branded licensor, wholesaler and retailer of products marketed under its brand. Its products are currently marketed for sale in thousands of locations, including supermarkets, mass merchandisers and club stores, selected foodservice locations and its company-owned and franchised restaurants throughout the United States and in twenty foreign countries. It considers itself to be in the foodservice industry. It has three segments Branded Product Program, Product Licensing, Restaurant Operations, of which majority of revenue is from Branded Product Program which derives from the sale of hot dog products either directly to foodservice operators or to various foodservice distributors. It generates majority of revenue from United States.
79GF Score

Get the complete analysis for FRA:NFA

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€82.50
Price
€81.89
GF Value